Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Third-Party Servicing of Indirect Vehicle Loans

( printed page 14484) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would remove the NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle...

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

NCUF to Host Twitter Chat for Financial Education

The National Credit Union Foundation is hosting a Twitter chat event for credit unions to promote National Financial Literacy Month in April. During the Twitter chat scheduled for April 5, credit unions and their employees are welcome to share best practices,...

CU Times Online Exclusive: A Visit to CU Direct’s Innovation Lab

[embedded content] CU Times Managing Editor Natasha Chilingerian visits CU Direct's new Innovation Lab, which just opened in Irvine, Calif. We did a live Skype interview with CU Direct's SVP of Marketing and Innovation, Brian Hendricks, as well as its new VP of...

CFPB Hits Experian With $3 Million Penalty for Consumer Deception

The CFPB took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores sold to consumers. The agnecy ordered Experian to pay a $3 million penalty. The bureau also ordered the Costa Mesa, Calif.-based Experian to truthfully...

Former Credit Union CFO Slammed With 11-year Sentence

For eight years, Michael LaJoice lived the lifestyle of the rich and famous supported by the $18 million he stole from his own credit union. He drove a $95,000 Cadillac Escalade, flew in a private jet and lived in a 5,800-square-foot multimillion-dollar custom-built...

CU Direct Celebrates Grand Opening of Innovation Lab

IRVINE, Calif. - On March 22, CU Direct executives, employees, board members and representatives of member credit unions gathered at the CUSO's new Innovation Lab in Irvine, Calif., for a grand opening reception and ribbon cutting. The Ontario, Calif.-based auto...